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BRIEF-Pushpay Holdings And Church Community Builder Announce Business Combination

Published 13/12/2019, 03:47 pm
© Reuters.  BRIEF-Pushpay Holdings And Church Community Builder Announce Business Combination
PPH
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Dec 13 (Reuters) - Pushpay Holdings Ltd PPH.NZ :

* ACQUIRED 100% OF OWNERSHIP INTERESTS IN CHURCH COMMUNITY BUILDER FOR A TOTAL CASH CONSIDERATION OF US$87.5 MILLION

* CO AND CHURCH COMMUNITY BUILDER ANNOUNCE BUSINESS COMBINATION FOR INTEGRATED CHURCH MANAGEMENT SYSTEM, CUSTOM COMMUNITY APP & OTHER SERVICES

* INTERESTS ASSOCIATED WITH CHRIS FOWLER MADE AGREEMENT WITH INTERESTS ASSOCIATED WITH CHRIS HEASLIP TO ACQUIRE US$15.0 MILLION OF PUSHPAY SHARES

* BUSINESS COMBINATION EXPECTED TO BE ACCRETIVE IN FY21 & FROM FY22 ONWARDS DELIVER MATERIAL ACCRETION & BENEFITS TO CO'S REVENUE & EBITDAF

* REITERATES GUIDANCE FOR YEAR ENDING MARCH 31 2020 OF EBITDAF OF BETWEEN US$23.0 MILLION AND US$25.0 MILLION

* REITERATES GUIDANCE FOR YEAR ENDING MARCH 31, 2020, OF OPERATING REVENUE OF BETWEEN US$121.0 MILLION & US$124.0 MILLION

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